NASA is splitting its human spaceflight department into two separate bodies—one centered on big, future-oriented missions to the moon and Mars, the other on the International Space Station and other operations closer to Earth. The reorganization, announced by NASA chief Bill Nelson on Tuesday, reflects an evolving relationship between private companies, such as SpaceX, that…
Tropical Depression Eighteen Forms in Eastern Atlantic: NHC
Tropical Depression Eighteen formed in the eastern Atlantic on Wednesday and is expected to strengthen over the next several days, the U.S. National Hurricane Center (NHC) said in its latest advisory. Maximum sustained winds are near 35 miles per hour (55 km/h), the NHC said, adding that the depression is forecast to become a tropical…
Audit Finds California Regularly Sends Pension Checks to Dead People
September 23, 2021
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An audit of the California Public Employees’ Retirement System, America’s largest public pension fund, found regular payments to pensioners well after they died, so much so it’s challenging to get the money back. Around 1,800 CalPERS pensioners die every month, according to a June memorandum from the fund’s Office of Audit Services that recently become…
Australian Professor Runs to China After Ethnic Facial Recognition Research Found to Be Unethical
An Australian academic has abruptly departed the country for China after his work on developing technology to identify Uyghurs based on visual data was found to be unethical. Research conducted by Prof. Wanquan Liu at the University of Curtin in Western Australia and published in 2018 used artificial intelligence and machine learning techniques to accurately…
Restaurant-Software Maker Toast Valued at Nearly $33 Billion as Shares Surge in Debut
Toast Inc fetched a valuation of nearly $33 billion in its New York Stock Exchange debut on Wednesday, as shares of the restaurant software provider jumped 63 percent, underscoring a deep investor appetite for fast-growing software firms. The stock opened at $65.26, compared with its initial public offering price of $40 per share. The valuation…
French Luxury Group LVMH Seeks 25,000 Young Staff in Recruitment Drive
PARIS—LVMH aims to hire 25,000 people under 30 years of age by the end of 2022, the French luxury behemoth said on Wednesday, as it accelerates recruitment to meet brisk demand for high-end goods. The European luxury sector has seen a fast pace of growth in recent months, as stores reopened following lockdown periods and…
Arizona Fully Recovers Pandemic Job Losses
More than 100 percent of private sector jobs in Arizona have been recovered since the beginning of the COVID-19 pandemic, according to the August employment report. The Arizona Office of Economic Opportunity report showed that Arizona has recovered 325,500 private-sector jobs since April 2020, representing 101 percent of private-sector jobs lost. Between July and August,…
Salesforce Rival Freshworks Raises $1.03 Billion in US IPO, Valued at $10.13 Billion
NEW YORK—Business software firm Freshworks said it had priced its U.S. initial public offering well above the target range to raise $1.03 billion, valuing the Salesforce.com rival at $10.13 billion as hybrid work fuels demand for its products. Freshworks priced 28.5 million shares at $36 per share, the company backed by Accel and Sequoia Capital…
Tesla’s South Australian Battery Sued After Failing To Ensure Energy Stability
South Australia’s big Tesla grid battery is being taken to court by the Australian Energy Regulator (AER) after failing to provide grid stability measures despite being obligated to do so. Known officially as the Hornsdale Power Reserve, the 150 Megawatt (MW), 77 minute grid battery built by Tesla was the largest in the world at…
China’s Foreign Trade Companies Struggles As International Freight Rates Soar
Analysis Amid the pandemic, China’s export orders have surged due to strong global demand but rising international shipping costs, insufficient supply, and lack of empty cargo rotation have caused traffic congestion in logistics. In addition, a backlog of products from foreign trade companies has created a tight capital flow for the processing companies. These problems…
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